The rating on New Jersey Educational Facilities Authority's bonds, issued for Princeton University, reflects: Stable enrollment trends and highly selective admissions; Very prestigious academic reputation; Considerable financial flexibility afforded by a diverse revenue stream and substantial liquidity; and Growing, but manageable, debt burden. The bonds are secured by Princeton's GO pledge and will fund several capital projects, including new construction and special renovations of several buildings and the purchase of capital equipment. The outlook is predicated on the expectation that Princeton will continue to exhibit the exceptional demand and financial features that have made it one of the nation's most competitive institutions of higher education. Chartered in 1746 as the College of New Jersey, Princeton is one of the oldest...
Companies mentioned in this report are:
- Princeton Univ
Action: New Rating
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